INCOME TAX CASE LAW 19.09.2026 Relevant Act Section / Provision Case Law Title / Source Citation Brief Summary Income-tax Rules, 2026 Rules 160, 176 & 225; Forms 169 & 171 CBDT Notification Click Here Notified the Income-tax (Fourth Amendment) Rules, 2026; revised Forms 169 and 171 for registration as a valuer and authorised practitioner, extending… Read More »
SLP Dismissed as Vague Show Cause Notice Lacking Specific Grounds Cannot Sustain Section 271(1)(c) Penalty SLP Dismissed as Vague Show Cause Notice Lacking Specific Grounds Cannot Sustain Section 271(1)(c) Penalty Issue Whether a penalty under section 271(1)(c) can be sustained when the show cause notice issued by the Assessing Officer is vague due to non-striking… Read More »
No Penalty Under Section 270A for Return Accepted Without Addition Filed Pursuant to Section 148 Notice Issue Whether penalty under section 270A for under-reporting of income can be levied when no original return was filed under section 139(1), but the return filed in response to a notice under section 148 was accepted by the Assessing… Read More »
Reassessment initiated for the initial three months was invalid as income was disclosed for AY 2021-22 under Companies Act. Reassessment initiated for the initial three months was invalid as income was disclosed for AY 2021-22 under Companies Act. Issue Whether reassessment under section 147, along with notices under sections 148 and 226(3), is permissible for… Read More »
Addition to cash-in-hand cannot be made without rejecting audited books of account under Section 145. Addition to cash-in-hand cannot be made without rejecting audited books of account under Section 145. Issue Whether an addition can be made to the assessee’s income under Section 147 on account of cash-in-hand merely based on the difference between opening… Read More »
Reassessment notice under Section 148 is invalid after Settlement Commission order under Section 245D(4) attains finality. Issue Whether the Assessing Officer has jurisdiction to issue a reassessment notice under Section 148 to reopen an assessment after the Income Tax Settlement Commission (ITSC) has passed a final order under Section 245D(4) concluding the assessment for that… Read More »
Deduction under Section 80GGC disallowed as political donation was bogus and returned in cash. Issue Whether an assessee is entitled to claim a deduction under Section 80GGC for a donation made to a political party when investigative findings establish that the donation was bogus and the funds were routed back to the assessee in cash.… Read More »
Reassessment notices beyond three years are invalid if escaped profit is under fifty lakhs. Issue Whether reassessment notices issued beyond three years under Section 148 are valid if the actual income escaping assessment (represented solely by the profit embedded in unaccounted purchases) is less than ₹50 lakhs; whether an assessment for AY 2022-23 based on… Read More »
Cash deposits during demonetization cannot be taxed under Section 69A when bank credits are accepted as business turnover. Issue Whether cash deposits made during the demonetization period in a business bank account can be separately carved out and taxed in their entirety as unexplained money under Section 69A, when the Revenue accepts that the bank… Read More »
Section 153C proceedings are invalid without incriminating material directly linking the searched third party to the assessee. Issue Whether notice and assessment proceedings under Section 153C are sustainable when digital data seized during a search under Section 132 has no direct nexus with the assessee, and additional land documents were provided post-search rather than seized… Read More »